1. Google’s parent company, Alphabet, reported a revenue of $61.88 billion in the first quarter of 2021, exceeding expectations and showing a 34% increase from the previous year. The company also announced a net income of $17.93 billion, marking a significant growth in its advertising and cloud services.
2. Alphabet’s stock price surged by 4% after the positive earnings report, reaching a market capitalization of $1.55 trillion. The strong performance was driven by increased online activity during the pandemic, leading to higher demand for digital advertising and cloud computing services.
3. The tech giant’s advertising revenue, which accounts for the majority of its total revenue, saw a 32% year-over-year increase to $44.68 billion. Google Cloud also experienced a 46% growth in revenue, reaching $4.05 billion in the first quarter of 2021.

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